Sonoco (NYSE: SON) interim CFO exercises RSUs, withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sonoco Products Company’s interim CFO Jerry A. Cheatham exercised restricted stock units into common stock on February 20–21, 2026. He acquired 2,240 common shares through RSU conversions, with 800 shares withheld at $56.45 per share to cover taxes. After these transactions, he directly held 5,385 common shares and indirectly held 2,259.39 shares through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,240 shares exercised/converted
Mixed
7 txns
Insider
Cheatham Jerry A
Role
Interim CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,925 | $56.45 | $109K |
| Exercise | Common Stock | 1,925 | $0.00 | -- |
| Tax Withholding | Common Stock | 687 | $56.45 | $39K |
| Exercise | Restricted Stock Units | 315 | $56.45 | $18K |
| Exercise | Common Stock | 315 | $0.00 | -- |
| Tax Withholding | Common Stock | 113 | $56.45 | $6K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 3,910 shares (Direct);
Common Stock — 6,072 shares (Direct);
Common Stock — 2,259.39 shares (Indirect, by 401k plan)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Sonoco Products Company common stock. The restricted stock units vest beginning one year from date of grant in three annual installments of 33%, 33% and 34%.
FAQ
What did Sonoco (SON) interim CFO Jerry Cheatham report in this Form 4?
Jerry A. Cheatham reported exercising restricted stock units into Sonoco common stock and related tax-withholding share dispositions. The filing shows RSU conversions on February 20–21, 2026, resulting in additional directly held shares plus an updated indirect balance in a 401(k) plan.
How do the restricted stock units for Sonoco’s interim CFO vest?
The restricted stock units vest beginning one year from the grant date in three annual installments. The schedule is 33% of the award in year one, another 33% in year two, and the remaining 34% in year three, subject to applicable plan terms.
What transaction codes appear in Sonoco (SON) interim CFO’s Form 4?
The Form 4 uses code M for exercise or conversion of derivative securities and code F for payment of tax liability by delivering shares. M applies to RSU conversions into common stock, while F reflects shares withheld to satisfy associated tax obligations at the stated share value.